BEIJING, May 8 (Xinhua) -- China's logistics sector was less upbeat in April amid the domestic resurgence of COVID-19, data from the China Federation of Logistics and Purchasing (CFLP) showed.The logistics performance index, which tracks business volume, new orders, employment, inventory turnovers and equipment utility rates in the sector, came in at 43.8 percent in April, down 4.9 percentage points from the previous month.A reading above 50 percent indicates expansion while a reading below 50 reflects contraction.He Hui, assistant president of the CFLP, said that the short-term effects, h...
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BEIJING, May 5 (Xinhua) -- China will provide greater relief to micro, small and medium-sized enterprises (MSMEs) and self-employed households, to promote employment stability by keeping the operations of market entities stable, according to the decision made at the State Council's Executive Meeting chaired by Premier Li Keqiang on Thursday.The meeting also decided on policy steps to stabilize and upgrade foreign trade, in an effort to keep the economy and industrial and supply chains stable.'There is now quite big pressure on the employment front. The many MSMEs and self-employed hous...
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BEIJING, May 5 (Xinhua) -- The Chinese government on Thursday announced new measures to help small and medium-sized enterprises and self-employed individuals navigate hardships.While chairing a State Council executive meeting, Premier Li Keqiang also specified steps to stabilize foreign trade amid efforts to smoothen industrial and supply chains.
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BEIJING, May 3 (Xinhua) -- With a series of meetings held by the Communist Party of China (CPC) leadership in recent days, China has sent a strong sigal to keep the country's economy stable.The CPC leadership has since late April held three meetings to analyze the current economic situation, calling for the healthy development of capital in China and strengthening infrastructure construction, vowing to step up policy support to stabilize the economy.ANALYZING ECONOMIC SITUATIONWith the COVID-19 pandemic and geopolitical conflicts bringing more risks and challenges, the environment for Chin...
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BEIJING, May 1 (Xinhua) -- Thirty-seven years ago when Hu Guohua applied for a patent he had to queue overnight outside China's patent office.Eight months later, he received a patent certificate for his invention, a color display device to help analyze satellite images. Soon after newspapers splashed photos of the spectacled aerospace engineer, who became the country's first patent rights holder.Much has changed over the years, as China implemented numerous reforms to add efficiency to the entire system and has established itself as a leader in the intellectual property sector.China...
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